Tsakos Energy Navigation Ltd. - TNP STOCK NEWS

TEN, Ltd (TNP) reported Q1 2021 revenues of approximately $140 million with an operating income of $2.2 million, amidst challenging market conditions. Despite a net loss of $4.8 million, the company maintained a fleet utilization rate of 92%. Recently, TEN secured charters for all three of its LNG carriers, projecting an additional $50 million in minimum annual revenues. The company will pay a $0.10 dividend per share on July 20, 2021, contributing to a total of $500 million in dividends since its NYSE listing.

On June 21, 2021, TEN, a leading tanker operator (NYSE:TNP), announced it will report Q1 earnings for the period ending March 31, 2021, on June 29, 2021, before the market opens. A conference call hosted by senior management is scheduled for 10:00 a.m. Eastern Time on the same day, which will cover earnings results and business outlook. TEN operates a diversified fleet of 68 double-hull vessels, encompassing crude, product, and LNG tankers, with a total deadweight tonnage of 7.5 million dwt. Further details, including archived audio, will be available on their website.

On May 7, 2021, Tsakos Energy Navigation (NYSE: TNP) announced its Board of Directors declared a quarterly cash dividend of $0.546875 for Series D and $0.578125 for Series E Cumulative Perpetual Preferred Shares. These dividends cover the period from February 28, 2021, to May 27, 2021, and will be paid on May 28, 2021. Holders of record as of May 25, 2021 will receive the dividends, marking the 24th and 17th dividends since their trading commencement. The company has 3,424,803 Series D and 4,600,000 Series E Preferred Shares outstanding.

On April 16, 2021, TEN, Ltd. (NYSE:TNP) announced the filing of its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, available on the Company’s website. Shareholders can request a free hard copy of the audited financial statements through the website or by contacting the Investor Relations Advisor. TEN, founded in 1993, operates a diverse fleet of 68 double-hull vessels, including one LNG carrier and a shuttle tanker under construction, totaling 7.5 million deadweight tons.

TEN, Ltd (NYSE:TNP) has secured 24-month charters for four LR1 product tankers, generating a minimum of $40 million in gross revenues, excluding profit-sharing potential. The charters are indicative of strong industry fundamentals, emphasizing a flexible long-term contract policy aimed at cash flow security while allowing for profit capture in favorable market conditions. TEN's fleet consists of 68 double-hull vessels, positioning it well within the shipping industry as global economies recover.

ATHENS, Greece, April 7, 2021 – TEN Ltd. (NYSE: TNP) announced a quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (TNPPRF). This dividend covers the period from January 30 to April 29, 2021, and will be paid on April 30, 2021, to shareholders on record as of April 27, 2021. This marks the 11th dividend for the Series F since trading began. TEN currently has 6,000,000 Series F Preferred Shares outstanding, continuing its commitment to providing returns to investors.

TEN, Ltd. (NYSE: TNP) reported a strong year for 2020, with a 40% increase in profitability year-over-year. The company achieved a net income of $59.2 million, up from $42.7 million in 2019, driven by voyage revenues of $644.1 million. Despite pandemic challenges, TEN maintained a 94.2% utilization rate for its fleet and managed a cash surplus of $172 million. The company plans to pay a dividend of $0.10 per common share in June 2021. Additionally, TEN secured $1 billion in minimum contracted revenue, including new LNG charters.

TEN, Ltd. (NYSE: TNP), a prominent tanker operator, will announce its earnings for Q4 and the full year ending December 31, 2020, on March 24, 2021, before market opening. A conference call is scheduled for the same day at 10:00 a.m. ET, hosted by senior management, discussing results and future outlook. Interested participants can access the call via specific dial-in numbers. The company, established in 1993, operates a fleet of 68 vessels, including crude, product tankers, and LNG carriers, totaling 7.6 million dwt.

TEN Ltd. (NYSE: TNP) announced a quarterly cash dividend of $0.546875 per share for Series D and $0.578125 for Series E Cumulative Perpetual Preferred Shares. The payments cover the period from November 28, 2020, to February 27, 2021, and are scheduled for March 1, 2021, for shareholders on record as of February 24, 2021. This represents the 23rd dividend on Series D and 16th on Series E since they began trading on the NYSE. TEN has 3,424,803 Series D and 4,600,000 Series E shares outstanding.